Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, January 6, 2011

S&P 500 update --6th January 2011

 Daily Chart

A bullish engulfing pattern making a new high and giving the highest close.The inside day broke out on the upside indicating the rise may continue. Negative divergences however persist and call for caution.

Resistance at 1291   and  Support at  1262-1254.

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Happy Trading !!
Lakshmi Ramachandran

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